FEMSA Acquires Delek US Holdings' Retail Operations for $385 Million

Mexico's FEMSA has signed a definitive agreement to acquire the retail operations of Delek US Holdings for $385 million. The acquisition includes 249 convenience stores primarily located in Texas.

In a significant transaction, Mexico's FEMSA announced on Thursday its definitive agreement to acquire the retail operations of Delek US Holdings for a sum of $385 million.

The acquisition deal encompasses 249 convenience stores, predominantly situated in the state of Texas, marking a strategic expansion for FEMSA into the U.S. market.

This purchase aims to bolster FEMSA's retail footprint and enhance its competitive edge in the convenience store sector.

(With inputs from agencies.)